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There is hereby established an advisory board known as the Chatham Investment Policy Advisory Board. The Board shall have five members, all of which will be residents of the village. Committee members shall be appointed by the President, with the advice and consent of the Board of Trustees. Committee members shall serve without compensation, except reimbursement of their out-of-pocket expenses in accordance with the reimbursement policies of the village. At its initial meeting, the Advisory Board shall appoint from its members a chairperson and a recording secretary. The Board shall meet from time to time, and shall conduct its meetings in accordance with Robert's Rules of Order, and shall be subject to the Illinois Open Meetings Law (5 ILCS 120/1 et seq.) and the Illinois Freedom of Information Act (5 ILCS 140/1 et seq.).
(Ord. 98-29, passed 5-12-98; Am. Ord. 98-59, passed 9-22-98)